The Real Deal New York

Rising inventory may slash home prices

September 12, 2006 12:00AM

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A continuing rise in inventories in major U.S. metropolitan areas is likely to force home prices down even further. Inventories in 18 large metro areas, not including New York, expanded by 4.7 percent in August from a month earlier, according to data from a California-based brokerage. more [WSJ]

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